New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-04-20

interest in wheat while ago but sold million
bushels for him about month ago. and probably that
was the extent OF bis interest In the New-fork
markets. I suspect that he was interested In the
Western deal but do not knew positively froo-
ably at any rate he oanng money to the Western
pool"
Mr. Mitchell WAS not inclined to speculate in stocks
largely. The failure OF Greenleaf, Norris Co. ABOUT
twelve years ago dampened his speculative ardor OF
the heavy loss which it entsiled him. The head OF
the firm had been clerk in the Milwaukee, bank tor
number OF years and Mr. Mitchell had large account
with the house ut the time of the failure IRE amount
OF his loss was not made known and he never talked
mu III the subject person intimately ASSOCIATED
W tn him for many years remarked:
Mr. Mitchell was too cautious to be goou specu-
latoi in stocks and 1t will be found that his fortune
was made chiefly out of bis bank, which was always
his IDOL and out OF the increased value OF real estate
acquired at low prices. He was satisfied win the
profits of his banking business which at times indeed
were very largo 1t a long time after he became
president of the st. Paul Company that he was
induced to interest himself in IFS securities lie would
subscribe Tor his proportion perhaps, OF new issue,
but he invariably sold 1t at the first opportunity.
any OF scolded at him, he would reply In his oroad
Scotch accent thas he banker and had constant
use tor his money. He holds n large amount OF the
company's bonds nOw but tor all that the bulk Oh MS
fortune will be found in his bank and his real estate
D 1t is the popular opinion among railroad and IMAM
cia men that Philip ID. Armour will succeed MIN I'D
is OF the board OF directors and is sup
posed to have aspirations toward the presidency.
Several times since he became director II mas Deen
rumored that Mr. Mitchell about to resign In
favor OF q younger man. Directors OF the company
we're reluctant to discuss the question OF succession
yesterday The charter OF the company requires that
the president shall BIO citizen of Wisconsin. but this
is not considered an iDsuperabe objection TO Mr.
Armour am other candidate. The law requires
the general Offices to he at Milwaukee and naturally
that would be the presidents Official residence out
person not living in Wisconsin might be selected.
julius Wadsworth, who was tor ten years vcerr
dent and Is still a director of the company said:
/" | doubt il q successor will be chosen tor some tme
Vice President Bond will act presoent OF course,
and there is why the directors should not
III axe q deliberate selection. The company needs
6rst-class railroad man and Is not easily found
whose engagements will permit his acceptance imme-
dately. can think of one or two men whom should
like to see In Mr. Mitchelps place. but it would not be
proper TOR TO lion their names. AS said 10
not think the directors Ill hurry over the election
Speaking OF the dead president, Mr.. Wadsworth
added He was strong man and his death will
be loss to the company and eciay to the city VI
Milwaukee. | little thought when saw him last
few days ago that he would go before me. nave
been sick for year and, PERHAPS shall never be much
better. Mr. Mitchell was boxing well when he re-
turned from Florida, and told that he was much
better than when he went South. His death was
great shock TO me. l think he caught cold at the
orera Wednesday night and that II resulted IN
pneumonia He had suffered from an affection oil the
heart Tor several years. Mr.. Mitchell was not a
practical railroad man. He preferred to let others do
his work rs long he could supervise it, lie was
possessed of good ability sound judgment but in
late years at least he ayerse to hard work HIS
death. however, will be great loss in many dircc-
TONS
The friends of Mr. Mitchell spoke warmly of his
business ability and OF his generosity TO tue interests
o. VISION and his adopted home. lie was warm
hearted and GENIAL and in social lite was one OF the
oil
that no of en- extended aid to youns men who at
tracied him by their enterprise or character.